State Grid Corporation of China
A logo is displayed at the State Grid vehicle battery recharging and exchange station in Beijing on May 30, 2012. According to government sources, China is to set aside around two billion yuan (320 million USD) as part of drive to cut carbon emissions and produce energy-saving vehicles. AFP PHOTO / Ed Jones (Photo credit should read Ed Jones/AFP/GettyImages)Ed Jones/AFP/Getty
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The government-owned State Grid Corporation remains China’s largest power distributor, supplying power to nearly 80% of the country’s territory. But despite dominating its home country, State Grid has global aspirations. This May, it announced a double-barrel deal with Singapore Power — reportedly worth around $3 billion — that will make it one of the largest power distributors in Australia. The deal is the latest in State Grid’s overseas investments conducted in recent years, including those in Brazil, Philippines, and Portugal.